Production from the second phase of the Al-Fargh plant in Libya recorded 90 million cubic feet of gas per day and about six thousand barrels of condensate, according to a statement issued by the Waha Oil Company yesterday.
The second phase began on October 28, with a production capacity of 60 million cubic feet of gas for three days, after which production increased to 90 million cubic feet per day, according to “Reuters”.
Libya’s production of crude oil reached 1.3 million barrels per day, close to the level of 1.6 million barrels per day that the country was producing before 2011. Libyan oil production was affected by conflicts, and it is an important source of income in the country, but production began to slowly recover with the return of manifestations of stability.
In addition, the Russian energy company “Tatneft” reported, in a previous statement, that it had resumed geological exploration in Libya, with the stabilization of the situation in this North African country.
The company said: “It has resumed work on wells whose drilling work has been suspended due to force majeure.”
Earlier, Vasily Mozgovoy, Assistant Director-General of “Tatneft” for corporate finance affairs, announced that the Russian company had resumed work in some areas in Libya. He pointed out that “Tatneft” company plans to establish a joint venture with the Libyan National Corporation. In turn, Nael Maganov, director of “Tatneft”, confirmed earlier that the company is ready to resume oil production in Libya. The Russian company, “Tatneft”, had worked in Libya under a concession agreement from 2005 to 2014, and had stopped due to the military actions that the country was witnessing at that time.
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